Group 1 - The company Suzhou Planning announced plans for a significant asset restructuring, intending to acquire a controlling stake in Beijing Dongjin Aviation Technology Co., Ltd. through a combination of share issuance and cash payment, while also raising matching funds [1][3] - The transaction is still in the planning stage, with a preliminary agreement signed with shareholders including Zhang Ning, but the final scope of the transaction is yet to be determined [3] - The final transaction price for Dongjin Aviation will be based on the results of an evaluation report, and the specific price and acquisition plan have not been finalized [3] Group 2 - Dongjin Aviation, established in 2001 with a registered capital of 47.1 million yuan, focuses on the research, production, and sales of military and civilian aviation control electronic equipment, as well as low-altitude flight service support systems and drone regulatory service platforms [3][4] - The company was previously listed on the New Third Board but officially delisted in August 2024, having reported six consecutive years of net losses from 2018 to 2023 [4] - In 2023, Dongjin Aviation achieved a revenue of 55.6288 million yuan, a year-on-year increase of 9.21%, but reported a net loss of 7.4306 million yuan, indicating an increase in the loss compared to previous periods [4]

Core Viewpoint - Suzhou Planning (301505) announced plans to acquire a controlling stake in Beijing Dongjin Aviation Technology Co., Ltd. through a combination of share issuance and cash payment, with related uncertainties leading to a stock suspension starting July 2, 2025 [1] Company Overview - Dongjin Aviation Technology, established in 2001 with a registered capital of 47.1 million yuan, specializes in communication, navigation, and surveillance systems for military, civil, and general aviation air traffic management [1][2] - The company has recently focused on projects related to the low-altitude economy and has previously been listed on the New Third Board, with plans to terminate its listing in August 2024 [1] Leadership and Background - Zhang Ning, a veteran in China's general aviation sector and a graduate of Tsinghua University, co-founded Dongjin Aviation and has played a significant role in developing domestic civil aviation communication and navigation equipment [1] - Although Zhang stepped down as chairman in January 2022, he continues to serve as a director and executive [1] Financial Performance - In 2021, Dongjin Aviation reported revenues of 54.84 million yuan but incurred a loss of 3.10 million yuan. In 2023, revenues increased to 55.63 million yuan, reflecting a year-on-year growth of 9.21%, while losses expanded to 7.43 million yuan, a 214.2% increase in losses compared to the previous year [1] Industry Position and Contributions - Dongjin Aviation has developed a diverse product line in military and civil aviation electronic equipment and has made contributions to low-altitude flight service support systems and drone regulatory platforms [2] - The company has been involved in significant national projects, including the construction of low-altitude airspace communication and monitoring systems in Hainan, and has played a key role in the development of the low-altitude flight service support system in China [2]